Ottawa, Ontario, Canada, - August 18, 2006 — Lumenera Corporation, announces that it has signed a definitive agreement to be acquired by Roper Industries, Inc., of Duluth, Georgia. Lumenera designs and manufactures high performance digital cameras for industrial, scientific and security applications. Earlier this year, Lumenera topped Ottawa Business Journal's list as the region's fastest growing company, reporting a three-year revenue increase of 721 per cent. It was also chosen best technology company at the most recent OCRI awards.
“We emphasize this event will have no change to the daily processes or activities with our customers” stated Huw Leahy, President of Lumenera. “We will stay true to our mandate of placing our customers first and providing high quality imaging products that satisfy our customers' specific needs. We’re excited about what’s ahead of us.”
“Roper is a great fit for Lumenera’s customers, employees and overall business, supporting our high growth needs while maintaining our innovation and active product development,” adds Greg Bell, VP Business Development. “Partnering with Roper Industries will allow us to expand our product offerings and gain access to Roper’s global supply chain.”
Roper Industries Vice President, Benjamin Wood, stated, "Lumenera extends our imaging leadership into OEM's serving a variety of new applications."
About Lumenera
Lumenera Corporation, headquartered in Ottawa, Canada, is a leading developer and manufacturer of high performance digital cameras and custom imaging solutions. Lumenera cameras are used worldwide in a diverse range of industrial, scientific and security applications.
Lumenera solutions provide unique combinations of speed, resolution and sensitivity in order to satisfy the most demanding digital imaging requirements. Lumenera customers achieve the benefit of superior price to performance ratios and faster time to market with the company’s commitment to high quality, cost effective product solutions. For further information about Lumenera, please visit www.lumenera.com or call 613-736-4077. To receive Lumenera press releases as they are issued, contact us at marketing@lumenera.com.
About Roper Industries
Roper Industries is a market-driven, diversified growth company with annual revenues of $1.5 billion, and is a component of the S&P MidCap 400 and the Russell 1000 Indexes. Roper provides engineered products and solutions for global niche markets, including water, energy, radio frequency and research/medical applications. Additional information about Roper Industries is available on the Company’s website at www.roperind.com.
Ottawa, Ontario, Canada - May 9, 2006 - Lumenera Corporation, a leading manufacturer and developer of high performance digital cameras and custom imaging solutions for scientific, industrial and security markets, today announced it has been singled out as Ottawa's Fastest Growing Company for 2006 by the Ottawa Business Journal (OBJ). This accolade follows its recent win as the OCRI Technology Company of the Year for 2006.
The OBJ sought out and profiled local companies in order to recognize strong growth in Ottawa 's business community and determine sector strength. Evaluation criteria included the assessment of percentage of revenue increases over their most recent three-year fiscal period and remaining cash positive throughout these three years.
Lumenera was ranked first in the region with three-year revenue growth of 721%, amongst 1000s of technology and non-technology businesses in the Ottawa area. Its success fueled by a shift in the industrial, scientific and security market moving from analog to digital camera solutions. Coupled by an experienced team and innovative technology, Lumenera has created a stable foundation on which to maintain its high growth and demand for its higher quality products.
"We are extremely proud to be recognized as Ottawa 's Fastest Growing Company as it is a testament to our strong business fundamentals," stated Steven Bruder, CFO, Lumenera Corporation. "Our process oriented approach allows us to continue meeting customer and market needs, in turn growing revenues and strengthening Ottawa 's technology sector."
The top ten list of "Ottawa 's Fastest Growing Companies 2006" is featured in the OBJ's May 8, 2006 issue. An electronic version is available at http://www.ottawabusinessjournal.com/286044322004804.php.
About Lumenera
Lumenera Corporation, headquartered in Ottawa, Canada, is a leading developer and manufacturer of high performance digital cameras and custom imaging solutions. Lumenera cameras are used worldwide in a diverse range of industrial, scientific and security applications.
Lumenera solutions provide unique combinations of speed, resolution and sensitivity in order to satisfy the most demanding digital imaging requirements. Lumenera customers achieve the benefit of superior price to performance ratios and faster time to market with the company's commitment to high quality, cost effective product solutions. For further information about Lumenera, please visit www.lumenera.com or call 613-736-4077. To receive Lumenera press releases as they are issued, contact us at marketing@lumenera.com.
Ottawa, Ontario, Canada - April 20, 2006 - Lumenera Corporation, a leading manufacturer and developer of high performance digital cameras and custom imaging solutions for scientific, industrial and security markets, today announced it was named the OCRI Technology Company of the Year for 2006. The award was presented at the 11th Annual OCRI Awards Ceremony held last night at Ottawa's Westin Hotel.
Lumenera was nominated by members of the Ottawa business community, and was selected as a top-three finalist this past February along with SMART Technologies and International Datacasting Corporation. Out of 1800 local companies, the Society of Collaborative Opportunities and Advancement of Professionals (SCOAP) selected Lumenera as the company that best contributes to the vitality of Ottawa's technology sector, while demonstrating integrity and business leadership.
Over the past 4 years, Lumenera has been diligent in taking innovative products to market based on sound business principles, backed by a solid infrastructure and a strong commitment to customer service. Constantly striving to meet customer and industry demands for its products, has resulted in a 100% increase in staff and 3X office and manufacturing space, along with 75% revenue growth in fiscal 2005.
"We are very proud of this distinction" stated Huw Leahy, President Lumenera Corporation. "We are committed more than ever to our community and to our customers and partners. We will continue to succeed through our cutting-edge technology and our dedicated employees, all the while maintaining our strong core values. Thank you to everyone who contributed to this award."
Lumenera looks forward to the year ahead with tremendous opportunity and growth in its sights.
About Lumenera
Lumenera Corporation, headquartered in Ottawa, Canada, is a leading developer and manufacturer of high performance digital cameras and custom imaging solutions. Lumenera cameras are used worldwide in a diverse range of industrial, scientific and security applications.
Lumenera solutions provide unique combinations of speed, resolution and sensitivity in order to satisfy the most demanding digital imaging requirements. Lumenera customers achieve the benefit of superior price to performance ratios and faster time to market with the company's commitment to high quality, cost effective product solutions. For further information about Lumenera, please visit www.lumenera.com or call 613-736-4077. To receive Lumenera press releases as they are issued, contact us at marketing@lumenera.com.
Ottawa, Ontario, Canada - February 27, 2006 - The Ottawa center for Research and Innovation (OCRI) today announced that Lumenera Corporation is amongst the top three finalists for the 2006 Technology Company of the Year Award.
For the past 10 years, OCRI has presented this award to the organization that has demonstrated excellence in innovation and a commitment to the Technology Sector in Ottawa. The criteria evaluated to determine the winner include profitability, community involvement, and a proven track record.
Over the past 4 years, Lumenera has achieved tremendous growth and success. It has forged strong partnerships with local and global organizations producing high performance imaging solutions for industrial, scientific and security applications. The company's products have continuously evolved to meet changing industry demands, while its core values and commitment to customer service and the community remain unchanged.
"We are proud to be selected as finalists for this prestigious award" stated Huw Leahy, President "We have been diligent in implementing processes into our business strategy to ensure we continue to grow and remain profitable. We will sustain our high standards, not only for our own advancement, but for that of the industry as a whole."
The winner will be announced on April 19, 2006 at the OCRI gala dinner, at the Westin Hotel in Ottawa.
About Lumenera
Lumenera Corporation, headquartered in Ottawa, Canada, is a leading developer and manufacturer of high performance digital cameras and custom imaging solutions. Lumenera cameras are used worldwide in a diverse range of industrial, scientific and security applications.
Lumenera solutions provide unique combinations of speed, resolution and sensitivity in order to satisfy the most demanding digital imaging requirements. Lumenera customers achieve the benefit of superior price to performance ratios and faster time to market with the company's commitment to high quality, cost effective product solutions. For further information about Lumenera, please visit www.lumenera.com or call 613-736-4077.